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The spot pepper moved up on good demand while the futures declined on anticipation of increased availability. On the terminal market 68 tonnes arrived and that were traded at ₹585-595-600-₹610 a kg depending upon the area of production and quality, trade sources told Business Line .
Upsurge was seen in supply from Karnataka where the harvesting has reached its peak. Sellers there were offering 500 GL pepper at ₹575 delivered upcountry markets on cash and carry, they said.
Spot prices moved up by ₹100 a quintal to close at ₹58,700 (ungarbled) and ₹61,700 (garbled) a quintal.
April and May contracts on the IPSTA declined by ₹1,000 a quintal each to close at ₹62,000 and ₹61,000 a quintal. June moved up by ₹1,000 to close at ₹59,000 a quintal.
Indian export prices were at $9,825 a tonne c&f for Europe and $10,075 a tonne c&f for US
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